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13 September 2010

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Property Finance News

Jobs, insolvencies keep EMEA RMBS outlook negative

High unemployment and insolvency rates likely to stay high mean the performance outlook is negative this year for asset-backed securities and residential mortgage-backed securities in Europe, the Middle East and Africa, says the Moody's rating agency. Deals in Spain and the UK were the hardest hit. (See upcoming PIE editions for full story)

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